Harley-Davidson (HOG) is in late-stage discussions to divest an interest in its financing unit, as well as its current motorcycle loan portfolio to Pacific Investment Management and KKR (KKR) in a deal worth $5 billion, Bloomberg News reported Monday, citing people with knowledge of the matter.
The firms' private credit units are in talks to acquire a stake in the motorcycle maker's Harley-Davidson Financial Services unit, the unnamed sources told the news outlet, adding that the parties could announce a deal within weeks.
Harley-Davidson, KKR, and Pacific Investment didn't immediately respond to MT Newswires' request for comment.
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